Paul Johnson Michael Saylor’s Bitcoin strategy takes another bold leap as his firm acquires 155 BTC for $18 million, nearing ownership of 3% of Bitcoin’s total supply. Learn how this move strengthens Saylor’s long-term Bitcoin strategy.
Michael Saylor’s Bitcoin Strategy Pushes Closer to 3% Ownership
Michael Saylor’s Bitcoin strategy continues to redefine corporate treasury management. The Bitcoin-focused firm Strategy formerly MicroStrategy has once again doubled down on its crypto conviction, scooping up an additional 155 BTC for $18 million at an average price of $116,401 per Bitcoin. With this purchase, Strategy now commands a staggering 628,946 BTC, representing almost 3% of Bitcoin’s total supply.
This aggressive accumulation marks the firm’s latest milestone in its five-year Bitcoin journey, cementing Saylor’s vision of transforming Strategy into a “digital gold vault” of the corporate world.
A Bitcoin Strategy Fueled by Innovative Financing
What’s unique about Michael Saylor’s Bitcoin strategy isn’t just the relentless buying it’s how he funds it. The latest acquisition was financed through proceeds from the sale of perpetual preferred stock specifically, STRF and STRC.
STRF, a non-convertible stock with a 10% cumulative dividend, represents Strategy’s more conservative offering.
STRC, on the other hand, is a variable-rate preferred stock beginning at 9% annually, paid monthly, and designed to stay close to its $100 par value.
The firm revealed that it sold 115,169 STRF shares for roughly $13.6 million, while $1.87 billion worth of STRF shares remain available under its current issuance program. The rest of the Bitcoin haul came from funds raised in the $4.2 billion IPO for STRC.
Saylor’s ability to blend traditional capital markets with a Bitcoin-focused investment model shows how adaptable his Bitcoin strategy has become. This hybrid structure of preferred equity and convertible debt has given Strategy a long-term funding runway without over-leveraging its balance sheet.
Inside Strategy’s “42/42” Bitcoin Strategy Plan
Behind this monumental accumulation lies Saylor’s ambitious “42/42” Bitcoin strategy plan, which targets $84 billion in total capital raised through equity and convertible notes by 2027. The plan originally started as a “21/21” initiative, but was expanded after earlier capital tranches were fully utilized.
This bold scaling reflects a clear message from Saylor: Strategy isn’t slowing down its Bitcoin accumulation anytime soon. In fact, he recently hinted at more upcoming purchases on social media, famously quipping, “If you don’t stop buying Bitcoin, you won’t stop making money.”
Record Profits Reinforce the Bitcoin Strategy
The firm’s second-quarter results further validate Saylor’s Bitcoin strategy. Strategy posted a record $10 billion in net income, fueled largely by a $14 billion unrealized gain on its Bitcoin holdings after adopting new fair-value accounting standards. Operating income surged over 7,000% year-over-year, a staggering performance that turned Wall Street heads.
Despite no sales of its common stock (MSTR) last week, Strategy’s market capitalization now sits at $112 billion, maintaining a premium over its Bitcoin net asset value. Analysts see this premium as a reflection of the market’s faith in Saylor’s model one that merges innovation, discipline, and conviction in Bitcoin’s long-term growth.
Saylor’s Bitcoin Strategy Dominates Corporate Accumulation Race
Strategy continues to lead the corporate Bitcoin accumulation race, leaving rivals far behind. According to Bitcoin Treasuries data, the next closest holders Marathon Digital (50,639 BTC) and Tether-backed Twenty One (43,514 BTC) hold barely a fraction of Strategy’s stash.
Other top holders such as Riot Platforms, Galaxy Digital, Metaplanet, and Coinbase trail even further behind. In essence, Saylor’s Bitcoin strategy has turned Strategy into an institutional whale effectively a de facto “Bitcoin ETF with a heartbeat.”
Analysts Applaud Strategy’s Capital Discipline
Wall Street’s response to Saylor’s Bitcoin strategy has been largely optimistic. Analysts praise the firm’s market-to-net-asset-value (mNAV) issuance discipline, which prevents dilutive share sales when the company’s valuation dips below a 2.5x ratio. This ensures that equity raises are both timely and value-accretive.
With no debt payments due until 2028 and manageable leverage levels, Strategy remains well-positioned to weather volatility even in the unlikely event of a 90% Bitcoin drawdown, a scenario Saylor has publicly acknowledged the firm could survive.
Market Reaction and Future Outlook
Following the latest purchase announcement, MSTR stock dipped 1.7% to $395.13 last Friday, even as Bitcoin climbed 6%, nearing its all-time highs. However, pre-market data on Monday shows MSTR rebounding 4.8%, a reflection of renewed investor confidence in Saylor’s long-term Bitcoin strategy.
Year-to-date, MSTR shares are up 31.7%, outpacing Bitcoin’s 24.4% rise a clear signal that investors view Strategy as more than just a proxy for Bitcoin price movements.
Final Thoughts: The Relentless March of Saylor’s Bitcoin Strategy
Michael Saylor’s Bitcoin strategy has evolved from a bold corporate experiment into a financial phenomenon. With nearly 3% of all Bitcoin now in Strategy’s coffers, Saylor has effectively positioned his firm as a permanent fixture in Bitcoin’s ecosystem.
Whether you see him as a visionary or a maximalist, one thing is undeniable: Michael Saylor’s Bitcoin strategy has reshaped how corporations think about digital assets, capital efficiency, and long-term value preservation. As the Bitcoin halving cycle looms and institutional adoption accelerates, Saylor’s conviction may well prove prescient once again.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
